Question

Write a note on BRICS ? (In 7 - 8 – lines)

Answer 1

BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010.[4] The BRICS members are all leading developing or newly industrialized countries, but they are distinguished by their large, sometimes fast-growing economies and significant influence on regional affairs; all five are G-20 members.[5] Since 2009, the BRICS nations have met annually at formal summits. China will host the 9th BRICS summit in Xiamen on September 3rd, 4th and 5th, 2017.[6] The term does not include countries such as South Korea, Mexico and Turkey for which other acronyms and group associations were later created.

Answer 2

Answer:

BRICS is the acronym coined for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010.[1] The BRICS members are known for their significant influence on regional affairs; all are members of G20.[2] Since 2009, the BRICS nations have met annually at formal summits. China hosted the 9th BRICS summit in Xiamen on September 2017,[3] while Brazil hosted the most recent 11th BRICS summit on 13-14 November 2019. The term does not include countries such as South Korea, Mexico and Turkey for which other acronyms and group associations were later created.

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